Announcement from September 17, 2024

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Letter to shareholders from October 9, 2023

About us

BALAMARA Resources Ltd is an Australian registered mining company operating in Poland. Our primary objective is to deliver long-term shareholder value by transitioning to a mid-tier resource company. The Company strives to achieve this through the discovery, acquisition and development of new economic mineral deposits in Poland. Balamara is focusing on its world-class Tier One coal Project at Sawin in the Lublin Coal Basin, and also on its coking coal project at Nowa Ruda in the Lower Silesian coal basin in western Poland.

Why Poland?

Poland is a central European country, bordered by Germany to the west, the Czech Republic and Slovakia to the south, Ukraine and Belarus to the east, and the Baltic Sea, Russia and Lithuania to the north. It is the largest hard coal producer in the European Union and is ranked 9th in the World, producing ~63 Mtpa of hard coal annually. The Government of Poland estimates the country’s coal resources at 48 billion tonnes (Bt), out of which its coking coal resource is estimated to be 13 Bt. These coals are present within 146 identified coal deposits located in three coal basins: the Upper Silesian Basin, the Lower Silesian Basin and the Lublin Coal Basin.

Balamara has chosen Poland for its projects implementation for the following reasons:

• Low sovereign risk (EU member state & member of NATO)
• Politically stable democracy
• Well-defined mining laws
• Low operating costs
• Availability of skilled underground mining workforce
• Excellent core infrastructure throughout Poland
• Close to large European market
• Strong expanding economy